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cities have been brought to a stand still. this is the scene in manhattan where a crane is dangling from a 65-story building. >> it's a monday morning in manhattan unlike any other. the city that's supposed to never sleep is eerily quiet, awaiting the storm. subway stopped. even wall street not trading. the -- >> we're used to coming down and the water calm, much, much slower. it's over the banks and the storm hasn't gotten here. it makes me nervous. >> the impact of hurricane sandy is starting to be felt. high winds and crashing waves along the east coast. >> good morning, america. breaking news on the halloween superstorm. >> morning tv shows left americans in in doubt the storm severity. >> 15 million people in its path. >> storm preparations take precedence over campaigning for next week's presidential election. mitt romney canceled his events for two days. barack obama returned to the white house. >> the center of the storm is going to hit landfall sometime this evening, but because of the nature of this storm, we are certain that this is going to be a slow-moving process through a
.e.o., vikram pandit, calls it quits. from pandit's legacy to challenges facing citi's new boss, the resignation is one of the biggest surprises on wall street this year. >> susie: i'm susie gharib. two tech titans report better- than-expected earnings-- intel and i.b.m.-- but both stocks fall in after-hours trading. we run down the numbers. >> tom: also, student loan servicers get an "f" from regulators complaining school loans are handled a lot like the subprime mortgage market. >> susie: that and more tonight on "n.b.r." >> tom: citigroup c.e.o. vikram pandit abruptly stepped down today in a management shakeup that stunned both investors and employees. he will be replaced by longtime citi executive michael corbat. he most recently headed the bank's middle eastern and european division. pandit not only gave up his c.e.o. position, but he also quit the board of directors. the news comes in the heart of earnings season for financial firms and just one day after citi reported stronger than expected earnings. shares of citi climbed 1.6%, closing at their highest price since march. suzanne pratt ta
booming cities are at a standstill. 33 people have reportedly been killed. >> the destructive power of the super storm unleashed after dark as sandy made landfall. the flooding was instant, the scale shocking. the storm arrived with high tide in new york harbor, creating a surge of nearly 14 feet. subway tunnels flooded. the water engulfed the construction site at ground zero. manhattan was plunged into darkness. electricity generators and exploded in spectacular fashion. >> what is going on? i don't know what is going on. >> oh, my god. >> many cars were damaged by falling trees and high winds. >> 0, my god. my car. >> patients were evacuated from the hospital that lost power when its generator failed. >> in this huge blaze in queens and started in the aftermath of the flood. more than 80 houses were destroyed by the fire. incredibly, only a few people were injured. on staten island, the force that tossed a vote on shore. >> make no mistake about it, this was a devastating storm, maybe the worst we have ever experienced. our first responders have been doing a heroic job protecting
heating up, and one city's efforts to cool down. >> ifill: and ray suarez has the story of a mexican drug lord killed in a gunfight, and his corpse stolen from the funeral home. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the former football coach who plunged penn state university into scandal by his sexual abuse of young boys over many years was sentenced today. the judge called his crime a "story of betrayal." jerry sandusky wore a red jail jump suit and a smile as he entered the center county courthouse this morning, less than two hours later, the smile was gone after th
people killed, and $20 billion or more in damage. the nation's most populous city and its surroundings were at the epicenter. new york is a city in shock today, even deserted in places after a night of fear, fire and floods. a record storm surge of 13 feet poured into parts of lower manhattan, brooklyn, and queens as sandy hit. the rush of water closed major commuter tunnels linking manhattan with otherboros contributing to the worst damage to the subway system in its 108 years. >> last night we could look down this street here and we saw the river coming toward us and it actually looked like something out of a movie. it was unbelievable. >> woodruff: equally unbelievable, winds of at least 80 miles an hour blew out the bright lights that usually dominate the manhattan skyline. some one million homes and businesses in and around the city lost power. today mayor michael bloomberg appealed for understanding amid warnings it could take days to restore all transit service and power. >> we have begun the work of clearing and reopening bridges and roadways both of which will take some time.
in a city where everyday killing is a fact of life. [indistinct talking] >> another day, another death. a community struggles to understand the killing of a young man, just one of 20 people who meet a violent end every day in honduras. ramon orlando varela was gunned down the day before as he dropped his children off at school. [indistinct talking] he was just 26 years old. [horns honk] ramon's funeral has been funded by the people's funeral service, set up by the mayor of tegucigalpa. nilvia castillo is in charge. [speaking in spanish] >> and it's certainly in demand. in honduras, a toxic mix of guns, gangs, drugs, and corruption has engendered the highest homicide rate in the world--over 80 times that of most european countries. [indistinct talking] the shade is welcome under a tropical sun. but this is no picnic. it's the city's morgue. and all of these people are waiting for the body of a loved one to be released for burial. [speaking in spanish] johnny and his colleagues from the people's funeral service are here often. most of those brought in have died a violent death somewhere
is one of the most swinging cities in the whole country, politically speaking, that is. we'll explain. >> ifill: the supreme court devoted its day to drug-sniffing dogs and privacy rights. we talk with marcia coyle of the national law journal. >> woodruff: and spencer michels looks at the complaints about apple's maps and the high stakes for those trying to come up with something better. >> the battle over digital map making indicates how crucial this field has become and it could bode well for consumers as the maps get better. >> ifill: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without
. at the heart of the city, life is slowly returning to normal. new yorkers across the brooklyn bridge on a foot. michael bloomberg sounded a defiant first belt of a reopened stock exchange. the message from the mayor is that the big apple is open for business. that only tells part of the story. in the greater new york area, there is still many many homes without power. the subway network is shut down. this is the scene at one subway station where monday night the waters rose from track to ceiling. parts of the network will reopen tomorrow. this is a city that has survived or stand sandy. hear, all along on the eastern seaboard. questions to test those who would lead america. >> questions indeed. for the very latest, we can go to jane hill. as steve was reported, the city is starting to get back to life. i am not sure this will be a new york that we all know. >> no, it is a very peculiar feeling. we are very near battery park on the southern tip of manhattan. this is the battery under park, one of the seven main passes through the city. four out of seven of these tunnels are still full of water.
growth. >> so is this going to be the theme when we get a new batch of earnings next week? we have city reporting on monday, then bank of america on tuesday, also goldman saks and more gag stanley reporting on the investment banking side. what do you think we're going to hear from those companies? >> okay, so it's the inand yang of banking in the world of quantitative easing. on the one side this interest-rate environment is tough. the spread between deposits and loans narrowing. on the other hand there's pretty good activity, housing is picking up, credit is getting better. as we look at the bank earnings we have to differentiate who is hit by that net interest margin issue and who can benefit on the other side. we look at citi and think they can report a good monday on positive-- monday so that could be positive. on the other hand bank of america facing pressures from the deposit versus lending squeeze. >> you told me citi was your top recommendation right now. tell us why? >> well, we look at citi and it's a bank that has not performed as well as some of those other tough ones like b
are on touched by violence. our correspondent has been to one such city. >> another day dawns on the mediterranean. the only fighting on this part of the syrian coast is between friends on that jet skis. welcome. it is long a place of holiday for syrians. now they are coming here in search of refuge. on the streets here, there is an eased you do not find many places anymore. i arranged to meet a group of students at a popular cafe. the come from syria felt many ethnic and religious groups -- they come from syria from many ethnic and religious groups. but there is no attention around this table. these friends call themselves one big family. it is hard to believe war is raging about an hour's drive away. >> it is a fantastic place. i like my town. >> what do you think about them saying it is too dangerous to come to syria? >> no, no. you can stay in this place. no, nothing. >> nothing happens. there is no problem here. may be like -- they say there is a problem in damascus, for example. not all of damascus. one area. not the whole city. >> it is not just the optimism of use. a f
're smarter than we are here. maybe they are. but not about this. >> ifill: in new york city officials shut down all transit services and ordered nearly 400,000 people to evacuate low-lying areas. hours before sandy hit, high water blew on to the board walk in battery park at the southern tip of manhattan. high winds also left a construction crane dangling from the top of a 55-story building. even the stock market closed due to weather for the first time in nearly 30 years. it will remain closed tomorrow. the nation's capital followed suit, shutting down public transportation, schools, and federal offices. president obama canceled a campaign rally in florida and flew back to washington, appearing early this afternoon to promise federal help. >> i'm extraordinarily grateful for the cooperation of our state and local officials. the conversations that i've had with all the governors indicate that at this point there are no unmet needs. i think everybody is taking this very seriously. we've got... prepositioned all the resources that we need. but right now the key is to make sure that the publi
. hurricane sandy brings the city that never sleeps to its knees, leaving millions without power. >> tom: i'm tom hudson. wall street is working on a comeback with plans to reopen stock trading tomorrow, despite heavy flooding in lower manhattan. >> susie: from crippled transportation throughout the northeast to canceled flights, the federal response and potential election impact. we'll have all that and more right here on nbr! >> tom: hurricane sandy is now super-storm sandy as it clashes with another weather system, bringing wind, rain, and snow to parts of the mid-atlantic and northeastern u.s. she has cut a path of destruction, flooding, and massive power outages as the death toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the stor
, a provider of multimedia news and information services worldwide. from our studios in new york city, this is charlie rose. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: evan thomas is here, an author, a journalist and a professor at princeton. he has written on topics including robert kennedy, barack obama, the ci and wise men in his latest book he turns to president eisenhower, thomas sheds light on aspects of eisenhower's personality that have often been overlooked, he examines how the president's tactical skill informed his leadership and his foreign policy, the book is called ike's bluff, president eisenhower's secret battle to save the world, i am pleased to have evan thomas back at this table. welcome. >> charlie. >> rose: why do you call it ike's bluff? >> well, he was running a big bluff. he was bluffing with nuclear weapons. >> rose: meaning what? >> meaning ike's central insight was that he didn't want to fight any wars, not little wars, not immediate wars, he didn't want to fight any wars but the ways to avoi
of history have marched through the streets. an ancient city that has been fought over many times before. today, aleppo is at war again. the further you edge into the old city, the sound and fury of battle grows. those who stayed behind must cheat death every day. a simple sign reads, do not cross, sniper to your left. seven or eight people were killed to last week, he says. the rebels have moved into the path of the old city. activist took us there. a world heritage site where the scars of battle run deep and the devastation is mounting. aleppo is a city under siege. the fighting is now street by street, house by house. the fighters have been calling for outside help for many months. for the first time, a strong indication they're getting it. the ukrainian weapons firms made the box and its contents for the royal saudi army. how would ended up in the roiled -- in a rebel base in aleppo is not clear. interests, both sides get help from abroad in a proxy war that threatens a fragile region. the atmosphere on the front line is incredibly tense and almost eerily quiet. you can hear the soun
to begin. the bomb went off in a crowded mainly christian district of the city. local tv stations were broadcasting images of burned out cars and images of wounded people. 8 people were killed and as many as 100 were injured. the main target was a brigadier general, the chief security official in lebanon. he had recently implicated syria and its lebanese allies, hezbollah, for the killing of the prime minister. he was a fierce critic of syria. this will create shockwaves in the entire region. after a long time of relative calm, this is the first big attack in four years. many feared something like this to happen sooner or later and that lebanon would be dragged into the conflict some political leaders have accused the assad regime in syria of being behind the attack. >> for more on the incident from of volatility out of the region, i spoke a brief time ago with a senior fellow at the washington institute for near east policy. does this bombing show the conflict has spread into lebanon? >> it has spread to the heart of beirut. it has been spreading for a couple of months, the border are
's biggest cities, travel hubs and several major gasoline refineries along the new jersey and delaware coasts. financial centers like the nasdaq and new york stock exchange, say they'll have contingency plans in place. electronic trading is expected to continue as normal. michael barry says insurance companies are already mobilizing to deal with damage from hurricane sandy. he's vice president, with the insurance information institute. >> what are insurance companies doing to be prepared? >> well, right now they're trying to figure out exactly where this storm is going to make landfall. as indicated they have mobile catastrophe units sent to the scene so that the insurers can go out and cater to their policy holders, help them file claims after the storm hits. right now, the big question is where is this going to hit? i saw a modeling company saying delaware, maryland, virginia, and moving west into populated cities like philadelphia. >> susie: it's covering a wide swath of states, and we're hearing there will be heavy floods and strong winds. so, you know, what's covered and what's not cover
insurance premiums for customers down the road. here in new york city, commerce has been crippled. and power is not expected to be restored in many areas until next week. i.h.s. global predicts that if the areas affected by sandy lose a quarter of their output for just two days, it would knock about $25 billion off u.s. economic growth in the fourth quarter. that could be as much a 0.6%. but longer-term, some of the financial losses should be recovered by repair and rebuilding efforts. home improvement stores like home depot and lowes will likely get a boost in sales. many construction jobs will be created to rebuild homes and businesses. and governments will be spending huge amounts of money to repair subways, roads, and bridges so all of those efforts should help boost economic activity early next year. erika miller, "n.b.r.," new york. >> susie: joining us now for a closer look at sandy's economic impact, mark zandi, chief economist at moody's analytics. you know, mark, people often hear that when there's a sdater like zandi, that it's actually a boost to the economy. is that going to be
in the campaign. tonight's missing issue is europe's debt crisis. >> brown: an ancient and historic city at risk in a modern-day civil war. we look at the destruction in aleppo, syria. >> this is one of the great tragedies. aleppo's an extraordinary cross roads of cultures, religions, all built on a strata of centuries of -- >> woodruff: and ray suarez has the story of a 19th century recording made on tinfoil by thomas edison, digitally converted so we can hear it. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> computing surrounds us. sometimes it's obvious and sometimes it's very surprising in where you find it. soon, computing intelligence in unexpected places will change our lives in truly profound ways. technology can provide customized experiences tailored to individual consumer preferences, igniting a world of possibilities from the inside out. sponsoring tomorrow starts today. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing supp
sales. it unveiled its much anticipated new operating system, windows 8, here in new york city, and showed off its new tablet, the surface. the operating system's key feature-- an ability to work across all computers: tablets, laptops and desktops. over one billion hours of testing time went into the new operating system and the surface tablet. c.e.o. steve ballmer calls them a milestone in computing. >> with windows 8, we've brought together the best of worlds-- the p.c. and the tablet; your work, life, and play. windows 8 will help you do everything, and it will make it a lot of fun, frankly, to do nothing. one device now combines the greatest qualities with the p.c. with the greatest qualities of the tablet experience. >> susie: joining us now with more on tablets, and those apple earnings, david garrity, head of his own tech research firm, gva research. david, you have been a real strong recommender of apple stock. any change in your thinking because of those earnings today and the disappointment? >> susie, no. for a couple simple reasons. first off, apple with their announ
this iconic spanish city ever leave spain? at the headquarters of the ruling party, i talked to one of the men who decide that. he is one of the leaders of the union party that runs the region. >> it is a difficult moment in a rich land that between 8% of 9% of our gdp every year to spain. the result is not happy at all because there are double the cuts in terms of social services, health services, double cups of the rest of spain and double taxes. that is a really big imbalance. we must solve that. >> catalonia has a powerful hand to play -- it is the industrial powerhouse, rich, a kind of spanish germany. until now, nationalist politicians have played that hand to get concessions from madrid, but madrid now can only offer austerity and has repeatedly denied the region's attempts to gain more autonomy. >> we have the political power, but barcelona had the economic power, and now, we are trying in a very clear way to concentrate economic and political power. >> the catalan government now wants an independence referendum legal or otherwise. >> if the legal process does not run good enough, we w
the city. the result, a global climate change. >> as nothing else changes, the outlook looks pretty bad. the paper we just had published suggests that it was the same conditions over the next 10 years, we would see further reduction by half. remember, these changes are happening before the major impact of climate change kicks in. >> the government says they are spending hundreds of millions of dollars trying to protect the great barrier reef. the u.n. says that unless more is done, the reef risks losing its world heritage list davis. this would turn into a political and ecological disaster. it has just been stand by google. are these pictures about to go from being an up-to-date window on the "masterpiece to a collection for an archive? >> a thrilling sport tradition or a crow and antiquated form of entertainment? in mexico, the debate is raging on whether to ban bullfighting. >> it is still one of the most controversial past times in the americas. bullfighting has been practiced in mexico since the time of the conquistadores, but its days might now be numbered. last year, a proposed ba
. it is the northern city of aleppo that has seen some of the fiercest fighting. we have seen the terrible suffering at one of the hospitals in the city where doctors struggle to treat wounded patients. his report contains graphic images. >> this is serious descent into hell. a ruthless air campaign. and the carnage in it wreaks. a war between the state and an armed rebellion where even those that treat the victims are targeted. this hospital has been shelled 12 times. there are few facilities left now to treat the living. and so the bodies pile up outside. waiting to be collected. inside, the surgeon treaty 2- year-old. the scalp was torn open when a rocket landed on his house. in the next bed, the doctors struggled to try to keep them alive. these are now the only two beds left for the surgeons can operate. and with the threat of attack, the entire hospital has moved. every few minutes, more casualties, men. a grim procession of patients from different parts of the city. victims of a remorseless campaign of air strikes and artillery. the shows just landed in a neighborhood nearby. people were on t
've gained two key neighborhoods, a decisive battle is being fought for this, syria's largest city. cease-fire or not, neither side wants to give up the advantage. >> the military situation is excellent, this rebel commander told me. the government is bombing civilians, but god is generous to us and we're gaining ground. we won't stop until the whole of aleppo is liberated. the rebels are taking prisoners. he once command add units of the feared paramilitary ghosts. now he's in jail. he tells me that a colonel in syrian intelligence ordered his men to kidnap female activists and subject them to gang rape. >> we raped four girls he tells me matter of factly. students informers told. they were raped on the bus. there's so much bitterness it's hard to see how the two sides can sit down together and move into a political process. that was the slim hope which rested on the u.n. attempt to get a cease-fire. instead blood was spilled across syria today with bomb attacks in the capital, damascus, shelling at homes and fighting in aleppo in the north. >> business as usual, then. the northern town
of the rocky mountains. in his foothills sit the mile high city. the beating heart of a critical swing states, a state where women voters outnumber men by more than 100,000. >> my name is rebecca. i am a single mother with three teenage children. >> i am catherine. my husband is working two jobs while i stay home and take care of my 2-year-old daughter, charlotte. >> women on a budget come to this giant retailer for a no- frills convenience. the cards are used to have a corporate job. the right after she was born i was laid off we went from having a lot of money to not nearly as much money. >> bill clinton famous huizar -- famously targets of bombs. sarah palin rallied hockey mom spirit of the 2012 variation on that group could decide the outcome. that is because in elections wal-mart moms intend to make up their minds late. as rebecca cut back on spending, she wants a president who will do the same. >> we have to look at where our budget is. how do we fix it? how do we get it back on the right track? because it is a mess. >> at catherine's house it is breakfast time and there is a helping of
. in september, 2010, in new york city, the premier and china's economic czar said china keeps its currency low in order to give a trade advantage to its manufacturerrers. manufacturers. we should brand it as a currency manipulator. >> you heard the president say the currency has depreciated? >> i think it is a serious problem to brand them a currency manipulator. a lot of countries intervene to affect the value of their currency. japan has many times, and so has many others. we haven't branded any of them a currency manipulator ever. secondly, the chinese currency is what the market price would be. you see that reflected in china's current account balance. the bottom line is the current account balance is well within the standards that we, ourselves, have advocated, saying if it is within those standards it really is not a big problem. the obama administration has pressured china from the start on currency values. they are now close to the market rate. but the issue is two-fold: one, currency value is not, by any means, the biggest issue in u.s./china trade relations. so it diverts attention f
city. they build it back up. romney's whole history of a family is that they knocked us down, we built it back up. we didn't make a fortune; we made a bunch of fortunes. and they resented us for our success, but we kept coming back. that's romney's history. >> with someone with a name with romney you heard about the sufferings of your ancestors and their sacrifices and all they've done that you feel like, well, it's my turn now; i've got to pick up the baton and run with it. >> narrator: but mitt and his family rarely tell the story to outsiders. >> it's an incredible history. he can't talk about it because it involves polygamy. and so if the core of your personality is something you can't talk about because it's politically unacceptable, well, you're not going to be open with the people all around you. >> narrator: now the church was sending mitt away to spend two and half years on a mission in france. >> as mitt romney has said, imagine going to bordeaux and saying to people, "i've got a great new religion for you and, by the way, give up your wine." >> narrator: the task: to put on
winds pounded ocean city maryland and they said all along their biggest worry by far is flooding. >> this is what you get on the flip side of hurricane sandy, snow. >> and it hasn't stopped all night. >> the storm has caused the cancellation of 14,000 flights across the country. >> do we know how this storm may affect vote something. >> this is a frantic time for both campaigns to a pause is something they want to get over with fast. >> hopefully your thoughts and prayers will join with mine, to think about those folks who are in harm's way. a. great thing about america iss like this, we all stick together, the good news is we will clean up and we will get through this. >> we turn now to politics with mark halperin of time magazine, who is also the best selling author of game change. >> if this storm hadn't happened we would be seeing wall-to-wall coverage of one of the most exciting finishes to a presidential election in the television age. we are not going to see as much of that, certainly through the weekend. which means whichever candidate was going to benefit more from natio
. it is not all of damascus. it is one little area. not a whole city. >> but this place isn't shut off from the rest of the country. when serious uprising began some -- when syria's uprising began some 18 months ago, there are also uprisings in the square here, but they were forcefully put down. aside from occasional demonstrations or explosions since then, this remains one of the most peaceful areas in the whole country. authorities are determined to keep it that way because this region is too important to lose. it is the ancestral home of the assad's. they are a large minority in this city and they dominate the hills behind. by charlotte saw's father is buried in these hills. we were -- bashar al-assad's father is buried in these hills. we were given rare access. he died in 2000, as syria's all- powerful president. it is often his -- it is often said his son is under pressure to preserve his legacy. this town was quiet when we visited. since then, there have been reported clashes between leading families. a measure of growing unease over their place in syria's troubled future. this region
here. that tells you a lot about the theory on the streets of athens and other big cities and the darkness of the public mood. >> thank you. the debt crisis in europe and sluggish growth in the u.s. has had a huge impact on china. the country has seen a drop in demand for its exports. new figures show annual growth there has slipped to 7.4%. that is still an enviable rate compared to most of the world. our correspondent looks at china's toxic legacy. >> they call its -- on every street in every alley, they are making -- if you wear a pair, it was probably made a year. created jobs for millions. like all of china, this town was facing problems, slowing demand overseas, rising costs at home. smaller factories line the river banks, doing things cheaply has come to -- come at a cost. the water is tainted, a disgusting cocktail locals say is too politic to use. >> all along the river, abandoned factories. the polluted water from those places release mouse. >> china's next generation are about to take power here. they face two problems. how to keep the economy growing and also t
people in america who are out of work, but still ahead, i'll introduce you to two new york city firms that can't hire workers fast enough. >> tom: the federal government made what it called one of the largest medicare fraud crackdowns today, arresting dozens of people across seven cities, accusing them of cheating medicare out of $430 million. today's busts involved 91 people, including doctors, nurses, and hospital administrators, including these arrests in miami. among the scams-- the president of riverside general hospital in houston and his son are accused of giving medicare patients food and cigarettes for claiming to get hospital care, but instead watched tv or played games. federal prosecutors said that scheme led to $158 million in fake bills. today's action, announced by the justice department, stretched from brooklyn to los angeles. >> this is something i think we see at a variety of levels. we see it among people who are health care professionals who take oaths to provide care and do no harm, and in fact they are doing great harm. we are going after people, whatever their p
activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we've seen a pickup in construction activity, a little bit better demand for loans. so, it generally corroborates what we've been seeing in the economic reports on the housing market. >> reporter: conditions in the manufacturing sector were mixed, but somewhat improved since the last reading. meanwhile, the job market was little changed since the last report, which was the released in august. that was a bit of a surprise, given the recent drop in the nation's unemployment rate. but, at least one economist says it suggests the lower jobless rate may not be sustainable. >> it doesn't appear that the labor market is really showing all that much fundamental improvement and that's not all that surprising given the uncertainty around the pending fiscal cliff at yearend, the upcoming election. >> reporter: today's new economic evid
"a", but some cities are experiencing even higher prices. for drivers, the good news is prices are expected to fall, but california remains vulnerable to quick price hikes. refinery and pipeline problems have put the squeeze on supplies and california drivers. >> well its pretty crazy. >> i think it sucks. big time i mean its terrible" >> the went up pretty high from last week." >> they just jump them up real quick and then it takes forever to get them back down again it is pretty ridiculous. >> tom: today's average price in the state, $4.67 a gallon for regular unleaded. that's $0.50 higher than a week ago. $0.86 higher than the national average. wholesale gas prices fell today after california governor jerry brown yesterday eased the state's gas-blend requirements. the change allows refiners to start processing a less- expensive winter fuel blend today, about three weeks ahead of schedule. california's strict air quality standards require a specific gasoline blend that's not necessary in other states, resulting in only a handful of refiners making it. the price spike came aft
troops and armored vehicles took up positions around the port of kismayo. the city had been a power center for al-shabab, the group that's fought somalia's internationally backed government for years. al-shabab is allied with al- qaeda, but the militants now have been driven out of all of somalia's major cities. those are some of the day's major stories. now, back to judy. >> woodruff: the men at the top of the presidential tickets hunkered down again today for debate preparation, ahead of the big meeting tomorrow night. but they also managed to break away briefly-- president obama for a visit to the hoover dam, and governor romney out with an aide to buy lunch, a burrito. meanwhile, their running mates made multiple stops in key states. vice president biden told a crowd in charlotte, north carolina that mitt romney would raise taxes on most americans to fund tax cuts for the wealthy. >> how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising their taxes with these tax cuts? look, folks, we've seen this
residential building in the city. "the new york times" has dubbed it the global billionaire's club, and for good reason. at least two of the apartments are under contract for more than $90 million each. others, more modest, range in price from $45 million to more than $50 million. simultaneously, the powers that be have just awarded donald trump, yes, that donald trump, the right to run a golf course in the bronx which taxpayers are spending at least $97 million to build. what amounts to a public subsidy, says the indignant city comptroller for a luxury golf course. good grief. a handout to the pollute contracts. this is a city where economic inequality rivals that of a third world country. of america's 25 largest cities new york is now the most unequal. the median income for the bottom 20% last year was less than $9,000. while the top 1% of new yorkers has an average income of $2.2 million across america this divide between the super rich and everyone else has become a yawning chasm. at no time in modern history has the top 100th of 1% owned more of our wealth or paid so low a tax
was mobbed by the media as she left the moscow city court. she vowed to fight for the release of the other two women, whose sentences of two years in prison were upheld. the case has been widely condemned in the u.s. and europe as part of a crackdown on dissent. toyota recalled more than seven million vehicles around the world today for a bad power- window switch that can fill the car with smoke. the action affects more than a dozen models made from 2005 through 2010. there have been more than 200 incidents reported in the u.s., but no crashes or injuries have resulted. toyota has been trying to recover from a series of recalls of some 14 million vehicles in recent years. car owners who have crashed in the last three years may have gotten counterfeit airbags as replacements, without knowing it. the national highway traffic safety administration warned today there's an extreme safety risk. it said at least 250,000 vehicles may have airbags that inflate only partially or not at all. car owners should check a website safercar.gov for more information. two americans have won this year's nobel
jump in revenue from bond trading operations. citi earned $1.06 a share in the third quarter, a dime better than analysts predicted. results exclude a huge writedown tied to certain brokerage assets in its holdings unit. shares of citi climbed more than 5% to close at more than $36 a share. but the stock is still struggling to regain its footing. bank of america and goldman sachs also were big gainers today, each adding more than 3%. goldman reports its earnings tomorrow. bank of america on wednesday. over in the healthcare world, shares of eli lilly gained on word the drugmaker's experimental stomach cancer treatment may improve survival rates. and, the stock has been on tear, rising to a new 4.5 year high. today, it jumped 4% to $52.53 shares of abbott labs also rose on reports nearly all of the patients treated with the company's oral hepatitis-c drug have be cured in midstage trials. that encouraging news lifted the stock 4%., pushing it to an all- time high of 72 and change. meanwhile, amazon.com is reportedly in advanced talks to buy the mobile chip unit of texas instruments. a
brooklyn for its first medical facility. the number of freelancers in this new york city borough has increased 3,000% in the past decade. david himmelstein is a professor of public health at hunter college, and thinks the clinic is a good idea. his concern is whether the union's insurance plan can survive. >> when you set up an insurance plan and say anyone can join, basically you are likely to attract sick older people who can't get insurance elsewhere in the system. and over the long term, that has doomed similar insurance efforts in the past. >> reporter: but the freelancers union hopes its holistic approach to medicine and emphasis on preventive care will help lower healthcare costs. and that's good for insurance company and patient alike. >> this can really give people the kind of care they need, and it can also be much more economical, so we can make freelancers' dollars go further. >> reporter: if the pilot is successful, the freelancers union hopes to expand to other cities around the country. erika miller, nbr, brooklyn. >> tom: tomorrow on nbr, we meet a woman who says she'
rising above the central city's skyline as syrian government warplanes, tanks and artillery intensified their assault. meanwhile, turkish media reported syrian troops fired another mortar round into southern turkey. no one was hurt, but the turkish military returned fire. a similar exchange earlier this week left several dead on both sides. the turmoil deepened today in south africa's mining industry. the world's largest platinum producer, amplats, fired 12,000 miners for staging an unlawful strike. it was the latest turn in two months of labor unrest and violence in south africa. in august, police shot and killed 34 strikers working for another major platinum concern. nearly 80,000 miners are currently striking across the country. the highest court in britain ruled today that five terror suspects can be extradited to the u.s., including abu hamza al-masri. the radical muslim preacher, and the others, had fought extradition for years. al-masri's mosque in london was known as a training ground for radical islamists in the 1990s. he's accused of trying to set up a terror training camp in
city of aleppo. the attack was on a government- controlled section. the coordinated explosions hit a central square, destroying a number of buildings and littering the streets with twisted metal and concrete. at least 122 people were wounded. and the death toll was expected to rise as crews work through the rubble. in iran, riot police and protesters came to blows over the collapse of the national currency. the rial has lost a third of its value in less than a week. today, merchants at tehran's main bazaar protested outside their stalls and closed for the day. exchange houses and currency websites also were closed down. in the end, police arrested money changers and fired tear gas to disperse crowds. the protesters charged president mahmoud ahmadinejad's policies have fueled the currency crisis. he has blamed western sanctions imposed against iran's nuclear program. secretary of state hillary clinton pledged anew today to get to the bottom of a deadly attack in libya last month. u.s. ambassador christopher stevens and three other americans were killed after gunmen assaulted the u.s
syrian rebels. the divide turned violent in august, when gun battles broke out in the northern city of tripoli. tensions have also been fueled by a flood of syrian refugees into lebanon. in washington today, state department spokeswoman victoria nuland stopped short of blaming syria for today's attack, but she said lebanon is at risk of being destabilized again. >> we have been, for a number of weeks and, in fact, months now, that we've been concerned about increasing tensions inside of lebanon, particularly sectarian tensions and tensions as a result of spillover from syria. but i don't want to pre-judge before the lebanese authorities have had a chance to declare themselves who was responsible here. >> brown: there was no such reluctance back in lebanon, where sunnis burned tires in protest in cities across the country as news of the bombing spread. a short time ago, i spoke with abigail fielding smith of the "financial times" from beirut. abigail, welcome. tell us a bit more about the presumed target here, a top intelligence official. how has he stirred up enemies? >> well, he wa
by rose communications from our studios in new york city, this is charlie rose. >> rose: next month, the chinese government will undergo its most important leadership transition in recent history. the event has raised questions about the country's political future. even osnos is a long time observer of china. in this week's new yorker magazine he writes about how the pail your of the country's railway industry reveals a dark side of chinese growth. it's called "boss rail: the disaster exposed the underside of the boom." i'm pleased to have evan osnos back at this table. welcome. >> thanks, charlie. >> rose: tell us about this railway disaster and what it says. >> this was a train crash last summer that turned out to be more than trains. what happened was quite simple on its face. there were two trains going down a track on the southeastern city of when jo and they collided with each other. and we found out it was because there was a broken signal that failed in the thunderstorm and one train didn't know where the other train was. we've learned that in fact it was something much broa
sponsored by rose communications from our studios in new york city, this is charlie rose. 6-. >> rose: tonight we continue our conversation about the global economy with a panel of distinguished guests from the "economist" magazine. here are some of the factors we will be looking at: the world looked to europe today as talks continued over the euro zone financial crisis. european central bank president defended his bond-buying program in front of the bandenstag this afternoon. >> these actions are fully and foremost in compliance with our mandate of delivering price stability for the whole of the euro area in the medium term. >> rose: as germany demanded tight control over greek budgets some called austerity measures undemocrat. in the united states a debate at the fiscal responsibility is at the heart of the presidential election. >> if somebody game to you, governor, with a plan that said, here, i want to spend seven or eight trillion dollars and we're going to pay for it but we can't tell you until maybe after the election how we're going to do it, you wouldn't have taken such a sk
, we have more about danville, kentucky and how the tiny city has prepared to host its second vice presidential debate. plus, we kicked off our livestream coverage of tonight's debate a short time ago, and our online team is running a liveblog with sharp, robust analysis all night long. you can find that at newshour.pbs.org. >> brown: still to come on the "newshour": the syrian plane forced to land in turkey; how medicare is playing in congressional races; illegal trafficking in elephant tusks; the nobel prize for literature and one of poetry's leading voices. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: some new data on jobs offered signs of encouragement today. the labor department reported first-time claims for unemployment benefits fell to the lowest level in more than four years. that suggests slightly improved hiring. wall street rose on the news at first, then gave up the gains. the dow jones industrial average ended with a loss of 18 points to close at 13,326. the nasdaq dipped two points to close at 3,049. the international monetary fund w
in the central city of homs. a suicide bomb outside a mosque in northern afghanistan killed 41 people today. plumes of smoke rose in front of the mosque as people gathered to celebrate eid. many of the dead were policemen and soldiers. 56 others, including civilians, were wounded. in kabul, afghan president hamid karzai condemned the attack and made this appeal. >> i call on the taliban and other government opposition to stop the destruction of their own country. stop the killing of their people, stop destruction of their mosques, hospitals and schools, and stop working for the aims of foreigners. >> sreenivasan: also today, the taliban claimed responsibility for the killing of two u.s. troops in an insider attack on thursday. a member of the afghan security forces shot the troops and then escaped to join the taliban. the father of a teenage pakistani girl shot by the taliban had encouraging words about his daughter's recovery today. malala yousufzai's family flew from pakistan to britain to be with her at a hospital where she's receiving specialized treatment. we have a report from penny m
central kismayo two days after al shabaab fighters went in the region. they're patrolling the city's main roads for the first time. kismayo was al shabaab's largest strong hold and one of the largest sources of funding. at least eight people have been killed and 40 injured after a ferry sarning off the coast of hong kong. around 120 were onboard when at the collided with a tug boat near lamma island. they were going to view a fire work display to mark china's national day. iran's currentsy has fallen to a record low against the dollar. at one point on monday they lost 18% of its value. analysts say there's growing evidence that international sanctions over tehran's nuclear program are damaging the economy. now to the presidential race here in the u.s. and both mitt romney and barack obama are busy swatting up and rehearsing for the first television debate this wednesday. polls show the republican candidate is trailing president obama in the crucial swing states. one of them is of course ohio where early voting gets under way tomorrow. from there our north america editor reports. >> ♪ t
by rose communications from our studios in new york city, this is charlie rose. rose. >> rose: riccardo muti is here, he is one of the world's great conductors and led some of the best orchestras, including the vienna philharmonic, he is currently music director o director of the chicago symphony orchestra, critics and audiences alike have been dazed and charmed which the intensity, the technique, the emotion that he and his musicians bring. here is a look at a performance of verdi requiem. ♪ .. ♪ ♪ >> rose: muti and the chicago symphony orchestra in new york, to open the season at carnegie hall on october 3rd, they are performing orff's carmina burana, i am happy to have mastery i are back at this table, when you are conducting what are you thinking about? what is going through your head are you hearing the music instantaneously in your head that you know the score or what? >> this is a difficult, it is difficult to answer this question. in any case the conductor starts the performance one frac shun of a second before and ends one second of a frac shun before. >> rose: yes. >> so
, but not the city. police visit regularly often in the middle of the night and she has another trial pending. >> one of our journalists, irina, has been arrested, and she's in this country. she can't leave the cub. i can vouch for her personally. i know she's not a criminal. can i ask why she's not even allowed to go and see a doctor in moscow? >> the president looks surprised. isn't she out of the country already, he turns on his aides. no problems, he says, send her to moscow with evgeny tonight. then minutes later, a memo arrives. it isn't such a bad thing, mr. la schenk jokes. there you go, and don't bother bringing her back. >> late in the day irina gets the news. she's grateful, but she tells him she's also skeptical. >> because president lukashenko's belarus can be a dark, secretive place, where what is said in public doesn't necessarily crend to reality. many believe -- correspond to reality. many believe that was the case with an explosion that killed eight people in 2011. within 48 hours police arrested two young men. within weeks they were convicted and executed. the bbc "newsnight" inves
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